Coventry Building Society offset mortgage launched

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Coventry Building Society offset mortgage launched

A new Coventry Building Society offset mortgage will enter the market this Thursday.

The new product, labelled "highly competitive" by the building society, comes with a fixed rate of 4.99 per cent until the end of 2007.

After this date, the mortgage rate will stay 0.75 per cent above the Bank of England base rate.

Other features include free valuation, free legal fees for those taking out a remortgage and an option to pay five per cent per annum without penalty.

The Coventry Building Society offset mortgage is available to those who want to benefit from combining their mortgage and savings.

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